Management Quotes

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The successes of modern control theory in the design of highly accurate space navigation systems have stimulated its use in the theoretical analyses of economic and biological systems. Similarly, the effectiveness of computer simulation techniques in the macroscopic analyses of physical systems has brought into vogue the use of computer-based econometric models for purposes of forecasting, economic planning, arid management.

In my view—and that of most contemporary economists, I believe—Schumpeter's most original and most lastingly significant book was Theory of Economic Development, which appeared in 1911 (and was translated into English in 1934). It was at the University of Czernowitz, not far from the beginning of his career as an economist, that he worked out his conception of the entrepreneur, the maker of new combinations, as the driving force and characteristic figure of the fits-and-starts evolution of the capitalist economy. He was explicit that, while technological innovation was in the long run the most important function of the entrepreneur, organizational innovation in governance, finance, and management was comparable in significance.

In this study, the primary aim has been to provide a perspective on organization development which would combine basic truths with practical realities. The answers had to be drawn, in the first place, from the wisdom of the great authorities of the past. These were the pioneers in scientific management and their followers, and the economists who evolved the principles of profit maximization.

Scientific management consists in correct interpretation of phenomena, in exact knowledge of laws, principle and the influence of conditions upon results: and in the skilled use of methods adapted to the almost infinitely varying circumstances of individual cases
- Engineering magazine -

Herbert N. Casson

It is quite evident that the Soviet system today represents the exact opposite of almost everything that the left in the West is striving for - obsessive state secrecy rather than freedom of information, centralised bureaucratic control instead of devolved decision making and public accountability, total state power over the individual as opposed to inalienable civil liberties, authoritarian economic management rather than trade union freedom and industrial democracy, and a government-manipulated media instead of greater diversity and choice in news and information sources.

Effective management always means asking the right question.

Management [Providence], knowledge, and intention are not the same when ascribed to us and when ascribed to God.

We want industry to be in the public sector, to change the power structure of our society... We have not yet carved out of public enterprise a wide enough area of management decision which ought properly to be brought within the ambit of the workers themselves.

What's going on? I whispered to Gina.
Management is proving beyond a shadow of a doubt they don't have enough to do, she murmured back. So they've invented a new acronym.

It took us most of the morning to put together the letter she sent to the Frontier Management Department, and I learned a lot about how to be frigidly polite and still leave somebody feeling like they'd been spanked.

While political and cultural factors are important as explanations for differences in national technology policy and industrial practices, emergent trends in science, engineering and management are leading to new paradigms for high-technology innovation in both Japan and the United States.

Lewis M. Branscomb

This modern risk-management paradigm held sway for decades. The whole intellectual edifice, however, collapsed in the summer of last year.

Systems are needed, for example for management, accounting, skill development and MIS to serve the needs of the working poor.

The murdered man meets his death in an intriguing and novel manner, which the management asks its customers, as a personal favor, not to reveal to possible future audiences. It remains a secret, chummily shared by those that have seen the play and the four or five million who read it in its original form as a Saturday Evening Post story a year or so ago.

When a condition of honesty and sincerity is recognized to exist, errors of judgment, defects of ability, are sympathetically endured. They are expected. Employees don't ascribe infallibility to leaders or management. What does disturb them is insincerity and the appearance of insincerity when the facts are not in their possession.

Chester Barnard

Policy-making, decision-taking, and control: These are the three functions of management that have intellectual content.

Anthony Stafford Beer

Management is a seven-days-a-week job. The Intensity of it takes it toll on your health. Some people want to go on for ever, and I obviously don't.

On leaving the manager job of Liverpool FC in 1991

Some in management positions operate as if they are in a tree of monkeys. They make sure that everyone at the top of the tree looking down sees only smiles. But all too often, those at the bottom looking up see only asses.

Common sense suggests that some factors in a [risk management] process are more important than others — and analysis supports this. In reality, only 20 percent of activities. In reality, only 20 percent of activities may account for up to 80 percent of results. This is known as Pareto's law, the 80/20 rule... Pareto's law concentrates on the significant 20 percent and gives the less important 80 percent lower priority.

Systems inquiry has demonstrated its capability in dealing effectively with highly complex and large-scale problem situations. It has orchestrated the efforts of various disciplines within the framework of systems thinking. It has introduced systems approaches and methods to the analysis, design, development, evaluation, and management of systems of all kinds

Béla H. Bánáthy

There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.

Ludwig von Mises

Management is the process of assuring that the program and objectives of the organization are implemented. Leadership on the other hand has to do with casting vision and motivating people.

John C. Maxwell

The proper management of pain remains, after all, the most important obligation, the main objective, and the crowning achievement of every physician.

Organizational cultures are created by leaders, and one of the decisive functions of leadership may well be the creation, the management, and—if and when that may become necessary—the destruction of culture.

With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.